Eighty-seven classes of residential mortgage-backed securities guaranteed by MBIA have been placed on Rating Watch Negative by Fitch Ratings. Fitch recently placed MBIA's triple-A insurer financial strength rating on Rating Watch Negative after an announcement that Fitch will be updating certain modeling assumptions in its analysis of the financial guaranty industry. "With the possibility that modeled losses for structured finance collateralized debt obligations may increase materially as a result of these updated projections, Fitch believes that loss projections will be most sensitive to loss given default assumptions used for SF CDOs that reference subprime RMBS collateral," the rating agency said. Fitch can be found on the Web at http://www.fitchratings.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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